After a week during which the yield on the 10-year Treasury was pushed to 1.62 percent—its lowest level since December 2012—better-than-expected unemployment numbers helped the 10-year move back up to 1.72 percent late Friday and earlyMonday morning.
The strong unemployment report on Friday was a big surprise for the markets. Although the unemployment rate did drop modestly, what really grabbed investors’ attention was the addition of 75,000 more jobs than analysts had expected both in this month’s report and in last month’s revision.